PRESS COVERAGE
04 Mar 2024
Policymakers’ push to revive City IPOs clashes with LSEG’s lofty ambitions

LSEG’s shift to data and analytics has been a cash cow as clients have demanded ever-more granular information. Data sales make up about half its revenue, while fixed income and derivatives make up an eighth, post-trade and clearing another eight.

But Market Structure Partners chief executive Niki Beattie said the “average man in the street” and even some policymakers still think of it as the London Stock Exchange.

“They probably don’t understand what clearing is or what Tradeweb does,” she added.